PASS THE EXAM WITH ORACLE 1Z0-1057-23 EXAM QUESTION

Pass The Exam With Oracle 1Z0-1057-23 Exam Question

Pass The Exam With Oracle 1Z0-1057-23 Exam Question

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Oracle Project Management Cloud 2023 Implementation Professional Sample Questions (Q125-Q130):

NEW QUESTION # 125
When implementing Project Performance Reporting, your customer has the following requirements:
Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.
As long as a project cost is less than the threshold, the project should be shown as on-track.
Which threshold level rule is ideal for this kind of KPI definition? (Choose the best answer.)

  • A. single threshold level range
  • B. multiple threshold levels
  • C. multiple threshold level value
  • D. single threshold level value

Answer: D

Explanation:
Ref: https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapjs/update-project-performance-data-and-generate-kpis.html#OAPJS16654 Performance Status Indicator Performance status indicators give an immediate picture of the status of a project, such as critical, at risk, and on track. Each distinct icon indicates the status and severity of performance. During KPI definition, you first associate status indicators with performance statuses:
Critical
Severe
At risk
On track
Ahead
You then associate these statuses with threshold levels. When KPI values are generated for a project, each value is compared to the defined thresholds and the corresponding status indicator for the KPI appears on project performance reports.
A status can identify negative performance so that you can take the appropriate actions to prevent or quickly resolve problems. Conversely, a status can identify positive performance to help you track expected or excellent performance.
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/fapfm/implementing-project-financial-management-applications.html#FAPFM975706 Create Key Performance Indicators Create key performance indicators (KPI) to measure how well your organization performs an operational, tactical, or strategic activity that is critical for the current and future success of the organization.
Note: To create KPIs you must enable a project unit to track key performance indicators.
Use the Threshold Levels section to specify thresholds to indicate the health status of a KPI. Select one of the following options:
Multiple threshold levels
Single threshold level value
Single threshold level range


NEW QUESTION # 126
Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit. Why is he not able to see the transactions for the China business unit? (Choose the best answer.)

  • A. The China business unit is associated with a different legal entity than the US and UK business units.
  • B. The JOB role relevant to the China business unit is not assigned to the project accountant.
  • C. The US and UK business units are linked to different ledgers than the China business unit.
  • D. The project accountant is not assigned to the external role that grants access to the China business unit.

Answer: D

Explanation:
To access transactions for a business unit, the project accountant needs to be assigned to an external role that grants access to that business unit. The external role is defined by the security profile of the business unit and can be different for each business unit. The job role and the legal entity are not relevant for accessing transactions for a business unit. The ledger is relevant for accounting transactions, but not for project transactions. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/set-up-project-financial-management.html#OAPFM2355903


NEW QUESTION # 127
When scheduling the Update Project Performance Data process to run on a periodic basis, which summarization method would you select? (Choose the best answer.)

  • A. Bulk
  • B. Summary
  • C. Detail
  • D. Incremental

Answer: D

Explanation:
Reference https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/define-project-organizations.html#OAPFM177674 Settings That Affect Performance Data Summarization You can summarize performance data for a project unit, business unit, a range of projects, or projects managed by a project manager. When you run the Update Project Performance Data process from the Scheduled Processes page, select one of the summarization methods from the following table:
Summarization Method
Usage
Incremental
Summarizes new transactions that are yet to be summarized
Delete and re-summarize
Correct summary data when the source system data changes outside the regular transaction flow.
Do not use this summarization method when you run the Update Project Performance Data Without Producing Report process unless you are advised to do so.
Resource breakdown structure
Migrate all summary data from one resource breakdown structure version to the next.
If you select this option, you must also specify the resource breakdown structure header.


NEW QUESTION # 128
A consulting services company is currently working on a business transformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000
Cr Revenue 40,000
At the end of the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

  • A. Dr Unearned Revenue 40,000Cr Revenue 40,000
  • B. Dr Accounts Receivables 40,000Cr Revenue 40,000
  • C. Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000
  • D. Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000

Answer: C

Explanation:
When the invoice is created, the unbilled receivables balance is reduced and the accounts receivables balance is increased by the invoice amount. This is because the revenue has already been recognized and the invoice is just a request for payment from the customer. https://docs.oracle.com/en/cloud/saas/project-portfolio-management/20c/oapfm/project-accounting.html#OAPFM2355710


NEW QUESTION # 129
Identify three correct statements about project types.
(Choose three.)
Response:

  • A. Project type can be enabled for both billing and capitalization.
  • B. Classifications can be assigned at project type.
  • C. Summarization options can be specified at project type.
  • D. Project type can be used as a source in subledger accounting.
  • E. Project type can be associated with multiple project units.

Answer: A,D,E


NEW QUESTION # 130
......

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